The global industrial gas market size is expected to grow from $110.92 billion in 2021 to $127.92 billion in 2022 at a compound annual growth rate (CAGR) of 15.3%. The global industrial gas market size is expected to grow to $219.34 billion in 2026 at a CAGR of 14.4%.
What is the Global Industrial Gas Market?
The industrial gas market consists of the sales of industrial gases by entities (organizations, sole traders, or partnerships) that manufacture industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases.
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What drives the Global Industrial Gas Market?
New developments are taking place in healthcare with increasing emphasis on a healthier and generally better quality of life. In addition to oxygen, nitrous oxide, nitric oxides other industrial gases like hydrogen, helium, and xenon are all being prepared for use in pharmaceutical-based products. Treatments and drug developments using induced pluripotent stem cells (IPS) are bringing a new added value to the industry through the application of systems using gases such as carbon dioxide and liquid nitrogen, which is indispensable for the cultivation and preservation of cells and tissues driving demand for high-grade industrial gases.
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Global Industrial Gas Market Segments
The global industrial gas market is segmented:
By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas
By Mode of Supply: Bulk, Packaging, Pipe Line
By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels, Other Packagings
By End Userr Industry: Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare, Other End-User Industries
By Geography: The regions covered in the industrial gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Industrial Gas Global Market Report 2022provides market size and growth forecasts for the global industrial gas market, global industrial gas market share, industrial gas market segments and geographies, industrial gas market competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial gas market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Industrial Gas Industry Playersinclude The Linde Group, Air Liquide, SIG Gases Berhad, Air Products and Chemicals Inc, Mitsubishi Chemical Holdings Corp, Air Water Inc, Taiyo Nippon Sanso Corporation, Messer Group GmbH, Iwatani Corporation, and Arkema SA. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
